TCF Financial Co. (TCF) Given Average Recommendation of “Buy” by Brokerages
TCF Financial Co. (NYSE:TCF) has received an average rating of “Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.50.
Several equities analysts have issued reports on the company. Sandler O’Neill upgraded TCF Financial from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Friday, February 8th. Raymond James upgraded TCF Financial from an “outperform” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, January 29th. BMO Capital Markets upgraded TCF Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $22.00 to $29.00 in a research report on Tuesday, January 29th. Wells Fargo & Co set a $26.00 target price on TCF Financial and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, ValuEngine upgraded TCF Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.
In other news, SVP Susan D. Bode sold 10,975 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $21.58, for a total transaction of $236,840.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is owned by insiders.
NYSE TCF traded up $0.12 on Monday, hitting $20.16. 1,301,600 shares of the company’s stock were exchanged, compared to its average volume of 1,446,575. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.57. TCF Financial has a fifty-two week low of $18.17 and a fifty-two week high of $27.34. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.24 and a beta of 1.24.
TCF Financial (NYSE:TCF) last released its earnings results on Monday, April 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. TCF Financial had a return on equity of 14.03% and a net margin of 18.41%. The company had revenue of $357.90 million for the quarter, compared to analysts’ expectations of $365.57 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts forecast that TCF Financial will post 2.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, May 14th. TCF Financial’s dividend payout ratio (DPR) is 31.58%.
About TCF Financial
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposit; and individual retirement accounts.
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